SPX @ critical level on weekly chart while also flashing a Weekly TD ell Set Up.If orange line (last top) fails to be taken out this week (weekly 9) then at least a short-term correction likely.
Daily chart below shows how a completed Sell Set-Up failed to take out the orange line so far this week with today on watch for a color flip to a red 1 on the Daily.
Should yesterday's high hold through tomorrow's close...I'll return to this post with potential downside scenarios.
tradethe9s.com
Note
expecting to finish this TDBuy SetUp on Daily Chart.If it comes below the orange line (little over 1% drop from here), then that keeps the Monthly count to a TDBuy SetUp in tact.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.